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Demographics
Population
Median Income
Racial Distributions
Towne Park, a neighborhood in Albuquerque, New Mexico, exhibits a demographic profile categorized as "Moderate Diversity" as of 2022. The neighborhood has a Hispanic population of 44% and a White population of 38%, with other racial groups represented in smaller percentages. The median income in 2022 was $49,643. Towne Park has experienced fluctuations in both its population and racial composition over the past decade.
Over the past decade, Towne Park has transitioned from a predominantly White community to one of increasing diversity. In 2013, the neighborhood had a "White Majority" with 50% of the population identifying as White. By 2019, the community had shifted to a "Hispanic Plurality" with 54% of the population identifying as Hispanic. This transition aligns with the definition of a "Transitional Community" as there is a clear trend towards increasing diversity.
The Hispanic population has grown from 40% in 2013 to a peak of 54% in 2019, before declining to 44% in 2022. The White population has decreased from 50% in 2013 to 38% in 2022. Other racial groups, particularly Asian and multi-racial categories, have seen modest increases, contributing to the overall diversification of the neighborhood.
The demographic shifts in Towne Park appear to correlate with economic trends. The median income has fluctuated, increasing from $44,449 in 2017 to $55,817 in 2021, then decreasing to $49,643 in 2022. This recent decline coincides with a slight reversal in Hispanic population growth and a small uptick in the White population percentage.
The population of Towne Park has fluctuated, peaking at 2,963 in 2016 and declining to 2,104 in 2022. This population decrease, coupled with income variability, suggests potential economic challenges or changes in the neighborhood's attractiveness to certain demographic groups.
The demographic shifts observed in Towne Park align with broader trends seen in many urban areas across the United States, where increasing Hispanic populations and growing diversity are common phenomena. The transition from a White Majority to a more diverse community reflects national trends of increasing minority populations in traditionally White-majority areas.
The recent slight reversal of this trend in Towne Park, with a small decrease in the Hispanic population percentage from 2019 to 2022, may indicate local factors at play. This could be related to changes in local housing markets, employment opportunities, or other socio-economic factors specific to Albuquerque or New Mexico.
The economic fluctuations, particularly the recent decline in median income, may reflect broader economic challenges faced by many communities in the post-pandemic era.
Towne Park exemplifies a community in transition, moving from low to moderate diversity over the past decade. This demographic evolution, coupled with economic fluctuations, presents both opportunities and challenges for community cohesion and development. Further monitoring of these trends will be crucial to understanding the long-term trajectory of this dynamic neighborhood.